Title 25 — IndiansRelease 119-73not60
§151 Deposits in Bank by Disbursing Agents
Title 25 › Chapter 4— PERFORMANCE BY UNITED STATES OF OBLIGATIONS TO INDIANS › Subchapter III— DEPOSIT, CARE, AND INVESTMENT OF INDIAN MONEYS › § 151
Summary
Indian Service paying agents may put individual or tribal Indian funds into national banks they choose, but those banks must first post a bond with an approved guarantor that the Secretary of the Interior approves.
Full Legal Text
Title 25, §151
Indians — Source: USLM XML via OLRC
Any United States Indian agent, superintendent, or other disbursing agent of the Indian Service may deposit Indian moneys, individual or tribal, coming into his hands as custodian, in such national bank or banks as he may select: Provided, That the bank or banks so selected by him shall first execute to said disbursing agent a bond, with approved surety, in such an amount as will properly safeguard the funds to be deposited. Such bond shall be subject to the approval of the Secretary of the Interior.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification This section is also set out in the last two provisos of section 372 of this title.
Statutory Notes and Related Subsidiaries
Indian AgentsThe services of Indian agents have been dispensed with. See note set out under section 64 of this title.
Executive Documents
Transfer of Functions
For
Transfer of Functions
of other officers, employees, and agencies of Department of the Interior, with certain exceptions, to Secretary of the Interior, with power to delegate, see Reorg. Plan No. 3 of 1950, §§ 1, 2, eff. May 24, 1950, 15 F.R. 3174, 64 Stat. 1262, set out in the Appendix to Title 5, Government Organization and Employees. Transfer of disbursement functions of all Government agencies with certain exceptions to the Fiscal Service, Treasury Department, see note set out under section 53 of this title.
Reference
Citations & Metadata
Citation
25 U.S.C. § 151
Title 25 — Indians
Last Updated
Apr 5, 2026
Release point: 119-73not60